Morgan Stanley, EuropeâÂÂs top-ranked bank last year for finance sector mergers and acquisitions, has picked up from where it left off after securing a mandate to advise on a potential multi-billion euro merger of two insurance companies.
Swiss insurance company Baloise and German insurer Gothaer Versicherungsbank today said they were in negotiation to merge their German insurance businesses, giving Morgan Stanley, which is advising Gothaer, the largest finance sector M&A mandate of the year so far.
